Company Of The Day: AMD
What?
AMD stock (NASDAQ:AMD) rose to an all-time high of about $110 per share on Monday. The stock is up by about 15% over the last four trading days since it published earnings on July 27.
Why?
- Digital Infrastructure Stocks Are Up 7% This Year, Will Generative AI Tailwinds Continue To Drive Them Higher?
- Up 130% In The Last 12 Months, Will AI Power AMD’s Rally Post Q4 Results?
- AMD Takes The Fight To Nvidia With Latest AI Chip Launch. Is The Stock A Buy At $116?
- Is AMD Stock A Buy At $120 As It Doubles Down On AI-Focused GPUs?
- Is AMD The Dark Horse Of The AI Silicon Race?
- What To Expect From AMD’s Q2 Results?
The rally comes after the company beat Q2 earnings expectations and raised its full-year forecast driven by strong demand for chips that go into PCs, servers, and videogame consoles.
So What?
We think AMD stock is slightly overvalued at current levels. We have a price estimate of around $100 per share for the stock.
See Our Complete Analysis For AMD
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